Show simple item record

dc.contributor.authorGallistel, David J.
dc.contributor.authorPhan, Tuan
dc.contributor.authorBartlett, Geoffery D.
dc.contributor.authorDodd, James L.
dc.date.accessioned2013-09-13T15:27:54Z
dc.date.available2013-09-13T15:27:54Z
dc.date.issued2012-10
dc.identifier.urihttp://hdl.handle.net/2092/2011
dc.description.abstractAccounting revenue recognition practices have a pervasive, profound impact on the financial statements of a business entity. As such, soon after committing to a plan for convergence of two major sets of accounting standards with the Norwalk Agreement of 2002, the Financial Accounting Standards Board (FASB) of the United States and the International Accounting Standards Board (IASB) undertook a project to converge their standards of revenue recognition. Through an analysis of historical practices of the two boards and progress to date on the convergence of revenue recognition standards, this paper presents further recommendation for improvement of the convergence effort. Acknowledging the progress to date, we recommend further international and industry collaboration measures to ensure that the resulting standard provides the most useful information possible to financial statement users. Progress to date along with our recommendation assure that the resulting worldwide standard of revenue recognition provides specific principle based guidance that promotes international consistency while providing the flexibility for national and industry specific application.en_US
dc.language.isoen_USen_US
dc.publisherDrake Management Reviewen_US
dc.relation.ispartofseriesDrake Management Review;Volume 2, Issue 1, October 2012
dc.subjectAccountingen_US
dc.titleIASB & FASB Convergence Project: Revenue Recognitionen_US
dc.typeArticleen_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record